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05 April 2024, 15:09

BUCE expects growth in supplies of metal products from Russia’s Chelyabinsk 

MINSK, 5 April (BelTA) - The Belarusian Universal Commodity Exchange (BUCE) expects growth in supplies of metal products and equipment from Russia’s Chelyabinsk Oblast, BelTA learned from the BUCE press service.

Following the results of negotiations held within the roundtable on strengthening Belarusian-Chelyabinsk trade relations, which took place at the Chelyabinsk Oblast exhibition pavilion in Minsk, the Belarusian Universal Commodity Exchange expects an increase in the sales of Russian non-ferrous metallurgy products and equipment for metalworking at the exchange trading. This comes with the plans of a large producer of aluminum and aluminum alloys from Magnitogorsk, as well as manufacturers of forging equipment and cutting tools from Chelyabinsk to enter the exchange platform. These companies intend to supply their products to BUCE-accredited enterprises of the industrial sector, which regularly use the exchange mechanism for procurement purposes.

Non-ferrous metals and their products are among the most demanded commodity positions on the exchange platform. The main consumers are enterprises of machine-building, metallurgical, oil and gas and construction industries. In Q1 2024, 1,500 tonnes of non-ferrous rolled metal products worth Br33.2 million were sold on the exchange platform for the domestic market.

“Aluminum strip, bars, profiles and casting alloys, as well as brass and bronze bars and strip were in the highest demand from Belarusian participants. As for technological equipment and tools, the products of this category were widely represented at the industrial and consumer goods platform. In particular, the share of equipment and mechanical devices in the structure of purchases on this platform amounted to 15% at the end of the first quarter, with the lion's share of transactions coming to import-substituting goods,” the press service said.

As of 1 April 2024, a total of 86 companies from Chelyabinsk Oblast were accredited at the BUCE. In 2024, electric-welded pipes, flux-cored wire, metallic manganese and crushed graphite have been supplied to Belarus from this Russian region, while tungsten waste and steel scrap have been exported to Chelyabinsk Oblast.

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